Single-member limited liability companies work well for Louisiana small business owners in a variety of industries. They provide owners with the protections of an LLC as well as the freedom of a sole proprietorship. However, this autonomy can lull an entrepreneur into skipping an important formation step -- creating an operating agreement.
Starting and operating a Louisiana business requires a great deal of your attention. Every day, you have to make decisions that will probably affect its success. While you make those choices, you cannot forget to address legal matters that could also make or break the future of your company.
Louisiana business owners usually have big dreams for the future. For some, this involves merging with or acquiring another business. Business transactions such as these can seem complicated and even somewhat overwhelming, but a letter of intent can help address any concerns that a business owner might have.
Employers who may want to save a few dollars by shorting employees out of tips, calling employees contractors instead of employees, or making employees work through their breaks may face the same judicial repercussions as several businesses nationwide.
The end of the year is fast approaching. This can be a good time for small business owners to take a detailed look into what the current state of their company is and how the year has gone. Such a review can help inform a business owner on what changes he or she may want to start making regarding his or her company as the new year approaches.